v3.26.1
Reportable Segments - Schedule of Income from Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental income $ 330,430 $ 313,287 $ 669,476 $ 640,493
Other income 15,252 16,473 29,348 32,028
Total revenues 397,815 376,866 795,437 764,200
Expenses:        
Real estate taxes 21,826 21,845 43,926 43,488
Membership sales and marketing 4,551 4,062 8,388 7,993
Annual membership subscriptions        
Revenues:        
Contract revenue 18,819 16,902 37,118 33,244
Membership upgrade revenue        
Revenues:        
Contract revenue 3,120 3,120 6,240 6,172
Property management        
Expenses:        
Cost of ancillary services 21,845 20,723 40,516 41,153
Operating Segments        
Revenues:        
Total revenues 390,426 372,580 784,083 755,658
Expenses:        
Total expenses 205,010 197,939 391,081 382,369
NOI 185,416 174,641 393,002 373,289
Operating Segments | Property Operations        
Revenues:        
Rental income 326,533 309,747 661,785 633,560
Other income 15,252 16,473 29,348 32,028
Total revenues 376,245 358,381 757,191 727,467
Expenses:        
Utility expense 41,681 39,182 82,864 79,451
Payroll 32,936 31,815 61,376 60,086
Repairs and maintenance 30,849 29,495 55,274 52,384
Insurance and other 25,373 26,050 51,012 52,039
Real estate taxes 21,826 21,845 43,926 43,488
Membership sales and marketing 4,551 4,062 8,388 7,993
Ancillary operating expenses 5,772 5,567 11,025 10,431
Total expenses 191,551 184,916 365,327 357,647
NOI 184,694 173,465 391,864 369,820
Operating Segments | Property Operations | Annual membership subscriptions        
Revenues:        
Contract revenue 18,819 16,902 37,118 33,244
Operating Segments | Property Operations | Membership upgrade revenue        
Revenues:        
Contract revenue 3,120 3,120 6,240 6,172
Operating Segments | Property Operations | Gross revenues from ancillary services        
Revenues:        
Contract revenue 12,521 12,139 22,700 22,463
Expenses:        
Cost of ancillary services 6,718 6,177 10,946 10,622
Operating Segments | Property Operations | Property management        
Expenses:        
Cost of ancillary services 21,845 20,723 40,516 41,153
Operating Segments | Home Sales and Rentals Operations        
Revenues:        
Rental income 3,897 3,540 7,691 6,933
Total revenues 14,181 14,199 26,892 28,191
Expenses:        
Rental home operating and maintenance 1,428 1,303 2,781 2,451
Home selling expenses 1,846 1,421 3,416 2,725
Total expenses 13,459 13,023 25,754 24,722
NOI 722 1,176 1,138 3,469
Operating Segments | Home Sales and Rentals Operations | Home sales and brokered resales        
Revenues:        
Contract revenue 10,284 10,659 19,201 21,258
Expenses:        
Cost of ancillary services $ 10,185 $ 10,299 $ 19,557 $ 19,546